Multiple Choice
You earned $30,000 in 2000,and your salary rose to $80,000 in 2013.If the CPI rose from 82 to 202 between 2000 and 2013,which of the following is true?
A) There was deflation between 2000 and 2013.
B) The purchasing power of your salary fell between 2000 and 2013.
C) The purchasing power of your salary remained constant between 2000 and 2013.
D) The purchasing power of your salary increased between 2000 and 2013.
Correct Answer:
Verified
Correct Answer:
Verified
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